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Macy's is among the retailers reporting a downturn in consumer spending during Q2 2023, prompting questions about how retailers will fare during the second half of the year.
News

Retailers Flash Warning Signs That Consumer Spending Might Be Waning

Some of the U.S.’s biggest retailers, including Nordstrom, Macy’s and Kohl’s, are seeing a decline in ... earners feeling the pressure on their budgets, analysts said. While Nordstrom’s credit card revenues grew by 10% in the first ...

Aug 25, 2023
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With $925M LA Mall Refi, Unibail-Rodamco-Westfield Signals Staying In U.S. After Planning To Sell
News

With $925M LA Mall Refi, Unibail-Rodamco-Westfield Signals Staying In U.S. After Planning To Sell

... . The property is anchored by Macy's, Bloomingdale's and Nordstrom. URW had announced plans to divest its U.S. mall ...

Aug 17, 2023
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Inside Ace Pickleball Club's first facility in Roswell, Georgia.
News

Up A Creek With A Paddle: Pickleball Concepts Gobbling Up Big-Box Stores Left Vacant By Retailers

... trends. Its two-week-old pickleball court at a former Nordstrom parking lot is part of the owners plan to bring ... in experience-based retailers. Three years after the Nordstrom shuttered at the beginning of the pandemic, the mall has ...

Jul 24, 2023
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A Christmas Tree Shops in Macomb County, Michigan.
News

Buy Buy Baby, Christmas Tree Shops Add To Growing List Of 2023 Retail Closures

... other big-box retailers like Macy's, Kohl's and Nordstrom have also started to implement by moving away from large ...

Jul 07, 2023
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San Francisco Mayor London Breed
News

San Francisco Mayor Floats Teardown Of Westfield Mall, Advocates 'Reimagining' Of Downtown

... ’s downtown corridor has been beset by retail flight, with Nordstrom, the flagship store, announcing in May that it would leave ...

Jun 23, 2023
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New Zealand Menswear Brand To Open In Bellevue Square
News

New Zealand Menswear Brand To Open In Bellevue Square

... in Bellevue Square is next to Coach, which is near Nordstrom and Macy’s. Rodd & Gunn also has stores in Newport ... and New Zealand. Its clothing and accessories are carried by Nordstrom.

Apr 08, 2019
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Westfield To Stop Paying $558M Loan On Namesake Downtown S.F. Mall
News

Westfield To Stop Paying $558M Loan On Namesake Downtown S.F. Mall

... struggling downtown San Francisco. Westfield cited the recently announced Nordstrom closure, declining foot traffic, a decrease in sales ... a receiver to operate the property going forward.” Nordstrom’s departure, announced last month, is a particularly ...

Jun 13, 2023
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Brookfield Scores 3-Year Extension To Pay Figat7th Loan
News

Brookfield Scores 3-Year Extension To Pay Figat7th Loan

... of 2022, according to SEC filings. Tenants include Target, Sephora, Nordstrom Rack, H&M and Zara.  The retail center sits next ...

May 12, 2023
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This Week's Bay Area Deal Sheet
News

This Week's Bay Area Deal Sheet

... in almost a decade. The brokerage firm inked deals with Nordstrom Rack, The Container Store, Chick-fil-A, Benihana and The ...

May 01, 2023
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Hundreds Of Foot Locker Stores To Shutter Over The Next 3 Years
News

Hundreds Of Foot Locker Stores To Shutter Over The Next 3 Years

... in consumer habits. Stores like Macy's, Kohl's and Nordstrom reported declines in consumer spending in recent earnings calls, with ...

Mar 21, 2023
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